SALE APPROVED BY THE DANISH COMPETITION AUTHORITY

The Danish Competition Authority (Konkurrence- og Forbrugerstyrelsen) has today approved the sale of all shares in Danske Færger A/S (Danish Ferries) to Molslinjen A/S. Closing of the sale will take place in the near future.

Clipper has been involved in the Danish ferry business for more than 10 years. The sale of Danske Færger marks our exit from the passenger ferry segment, further strengthening our focus on bulk and ro-ro activities.

Morten Hvidtfeldt, Head of Corporate Finance, states: “We have been very pleased with our shareholding in Danske Færger A/S. ‘Færgen’ is a professional and well operated company providing essential ferry connections across the country. We are certain that the company, under the ownership of Molslinjen A/S, will continue to be a vital and important player in the Danish infrastructure. In this connection, we also wish to thank Bornholmstrafikken Holding A/S, our co-shareholder, for many years of close and trusting cooperation”.

Find the Press Release issued with Bornholmstrafikken Holding A/S and Molslinjen A/S here (in Danish)

CONTACT
Morten Hvidtfeldt, Senior Vice President, Head of Corporate Finance: +45 4085 8081, mhc@clipper-group.com

ABOUT CLIPPER GROUP
Clipper Group is an industry leader in dry bulk operating a modern fleet of around 150 handysize and supramax vessels, transporting a wide range of cargo from traditional bulk to break bulk. In addition to bulk, we have a strong complimentary business in the ro-ro segment on the Irish Sea. The Group is headquartered in Copenhagen with a global office network and employs around 200 people on shore.